Topic: Traders be careful - page 2. (Read 802 times)
Before we decided to buy a coin, we must analys where it will go, we must set our target in every trade. Don't trust signal channel that give you signal for trade, maybe they just want to buy their coin, its mean your buy position = their target profit. Always using your best knowledge, and beware about scam from joining channel.
Oh, it was always, but when we have green colors on the streets it's always worst. I think it is a bad decision to join one of this signal groups and just one chance to earn from it , but only if you are its owner.
That's usually the pattern. There is always increase in analyst when Bitcoin is morning and they begin to bring out their TA's showing where bitcoin is likely to reach in price which so many innocent people do follow and get caught in major dip. The so called analyst will go into hiding during these period. Let's be careful and not fall into wrong hands.
If you notice lately, after the bitcoin halving, there are so many predictions around.
My advice is this, presently the situation is 50/50; and you have to ensure make sure that you stay up to date with your research functions.
Do your own research, ignore analyst and focus on elearning new strategies
That's usually the pattern. There is always increase in analyst when Bitcoin is morning and they begin to bring out their TA's showing where bitcoin is likely to reach in price which so many innocent people do follow and get caught in major dip. The so called analyst will go into hiding during these period. Let's be careful and not fall into wrong hands.
The best way is to let your own instincts, and knowledge helps you to make a profit, if your knowledge is not enough, cultivate it. Don't trust anyone, no matter how famous they are. Even an analyst with years of experience can't be sure that their predictions are correct. So stay away from self-proclaimed analysts.
There are many fake analyst/traders/predictorist on every single social media like Telegram channel , Facebook and twitter, we all have noticed . When the bull begin properly and you'll see all sort of scams popping up every minute some one gets lucky sometime . The self declared analyst/fuddin talkers just avoid them . In my opinion they do this special and most times for their own interest. If you are a trader do your own research before do any investing .
Another thing that cryptocurrency traders need to be careful about is that the volatility that we sometimes see with cryptocurrencies is highly correlated to any number of financial and market movements, and these can get the market price significantly off kilter. If you're trading a lot in cryptocurrencies, that can be a constant worry.
The underlying technology behind crypto-currencies, a decentralized cryptocurrency network, is also subject to slowdowns and other roadblocks, which can cause a temporary market drop in prices. If you think it's risky to trade these currencies, then certainly it's also risky to trade all the stocks in the world in the short term, and that's a risk that doesn't go away in the short term.
The underlying technology behind crypto-currencies, a decentralized cryptocurrency network, is also subject to slowdowns and other roadblocks, which can cause a temporary market drop in prices. If you think it's risky to trade these currencies, then certainly it's also risky to trade all the stocks in the world in the short term, and that's a risk that doesn't go away in the short term.
With the current market, it is volatile before but it is much worst now. We have leverage trading now and margin for sure there are so many traders that loss and there are also traders that gain profits, Now you are talking about these trading services and analysts. Maybe there are trying to gain funds to have a bigger margin on trading or to make up for their losses so be careful not to fall in this kind of scam. Trading tutorials can be found online for free and you can learn from it but make sure you know what you are doing before trying it on the exchange.
We should not trusting trading signal groups, they can scam us by multiple ways.
Although there are some real trading signal groups, most of them are scam because they already bought before giving the buy signal or vice versa.
Although there are some real trading signal groups, most of them are scam because they already bought before giving the buy signal or vice versa.
The signal peddlers as the Op Says are not new to this market. There have been stories of pump and dump schemes during the early days of Bitcoin when it was trading in the range of 20 and 30 dollar . There are also various telegram groups which lure gullible investor's into pnd schemes . Be careful
I agree, They are self proclaimed crypto analyst experts who they say will make money for you by buying or joing in their crypto signal group which I think they just a sham and copying their trade patterns and analytics from real professionals. And Even professional traders could not even predict what exact projection of the market, so right better stick with your own instinct and knowledge
The bull run is the most appreciated time for crypto currency investors and trader's
But i am shocked after the little bull run that pushed up bitcoin, etherum anf other token prices, people are starting to offer signal services, ttadr signals etc
Suddenly some set of people turned theirself to analyst.
i would advice you stick to your trade patterns or strategies and avoid this desperate signal peddlers.
NB: This is basically my thoughts this morning, perhaps you feel its a wrong motive from me?
let me know what you feel about it.
Smart traders always stay away from any fake news or pump signal. During dump market people were sell pump signal in private. I think during bullrun holding is the right decision to make huge profits. You have to lose some money, if you wants to learn how to trade. But i am shocked after the little bull run that pushed up bitcoin, etherum anf other token prices, people are starting to offer signal services, ttadr signals etc
Suddenly some set of people turned theirself to analyst.
i would advice you stick to your trade patterns or strategies and avoid this desperate signal peddlers.
NB: This is basically my thoughts this morning, perhaps you feel its a wrong motive from me?
let me know what you feel about it.
I don't always believe in predicted charts, it's best to stick to what you know, many speculation are fake. Some just give signal tho, to the best of there analysis, it's then up to individual to follow or not, just like the poster gas said, try to avoid signal peddlers, it's can be a real to dump on you or make you go broke. If you can understand the market to trade at your own analysis, it's better than fall into traps of signal peddlers.
It seems that for now we have to use our own strategy, because too many people expect prices to rise and not follow the advice of others.
This is another excellent way to trading, by figuring out what you can do best and also accurately.
And the best way to this is to practice how to find information, do good and concrete researches and getting facts cleared.
Then practice several types of trading strategies with little amounts you can afford to lose, before you choose a trade pattern you duly understand.
It seems that for now we have to use our own strategy, because too many people expect prices to rise and not follow the advice of others.
Each trader has his own analysis before trading. The price of coins in the market can change at any time, traders must know when the right time to buy and when to sell. That is why traders should be able to study chart movements before trading so as not to be mistaken when taking action.
There's no form of TA guru who can save the times now everyone should stick to their human guts alone. The market has broken TA boundaries its mere speculations from now henceforth which won't hold as much as people would want it to.
It is better not to be dependent or affected by unclear signals, this is widely available in telegrams. Avoid it, because it can affect your analysis. As the OP said, it's better to do an independent analysis, we better understand when to sell according to the safe limits we have made. Moreover, market conditions are still extreme, don't easily believe Bullrun is coming ... it could be bull trap.
news about analysis from various sources can indeed confuse us and erode our confidence. I think if we have understood it is better to ignore the analysis from outside, because we ourselves determine the risks and rewards that we trade. in fact no one knows where the market will move, and all on their respective opinionsWe can do that alone but sometimes we are also needed the suggestion from analysis that has already made by others too.
This isn't new anymore, the moment there is a little spike in price,the next thing you see in different groups or from people is them giving calls and analysis but the best anyone can do is to study any coin he or she wants to invest in and know when to buy,here I mean watching the price movement so as not to buy too high and then forget these analyst because some could lead you into fire.
The bull run is the most appreciated time for crypto currency investors and trader's
But i am shocked after the little bull run that pushed up bitcoin, etherum anf other token prices, people are starting to offer signal services, ttadr signals etc
Suddenly some set of people turned theirself to analyst.
i would advice you stick to your trade patterns or strategies and avoid this desperate signal peddlers.
NB: This is basically my thoughts this morning, perhaps you feel its a wrong motive from me?
let me know what you feel about it.
But i am shocked after the little bull run that pushed up bitcoin, etherum anf other token prices, people are starting to offer signal services, ttadr signals etc
Suddenly some set of people turned theirself to analyst.
i would advice you stick to your trade patterns or strategies and avoid this desperate signal peddlers.
NB: This is basically my thoughts this morning, perhaps you feel its a wrong motive from me?
let me know what you feel about it.
This is another session to be smart as traders.
I understand there are always urges and desires to invest into projects in this deep period and low prices of basically all tokens (80%).
But this is the time to check support levels of all trades, conduct a proper research before investment.
be calm, don't fomo and make the best decisions
Always dyor
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